Hanlon Investment Management Inc. Buys 15 Shares of Netflix, Inc. (NASDAQ:NFLX)

Hanlon Investment Management Inc. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 358 shares of the Internet television network’s stock after buying an additional 15 shares during the period. Hanlon Investment Management Inc.’s holdings in Netflix were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. M&T Bank Corp grew its holdings in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of Netflix by 13.8% in the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock valued at $175,000 after purchasing an additional 30 shares during the last quarter. Advisory Resource Group increased its stake in Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after buying an additional 12 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in Netflix by 356.5% during the third quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock worth $9,844,000 after acquiring an additional 10,839 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.3 %

Shares of Netflix stock opened at $918.29 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day moving average of $960.09 and a 200 day moving average of $885.47. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm has a market cap of $392.80 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,402,068.52. The trade was a 41.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 over the last quarter. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. UBS Group set a $1,000.00 price target on Netflix in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Netflix from $1,150.00 to $1,025.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,017.31.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.